1-10
| 11-50 |
51-100 |
101-150 |
151-200|
201-250
The World’s 250 Largest
Family Businesses
151. Publicis
Groupe (175)
Badinter/Paris, France
Industry: Advertising
Revenues: $3.073 billion
Employees: 20,592
www.publicis.fr
Since purchase of rival Saatchi & Saatchi in 2000, one of world’s largest
advertising firms; operations in 80 countries. Elisabeth Badinter, chair
of firm’s supervisory board, holds about 35% voting control.
152.
Organizacion Soriana (135)
Martin/Nuevo Leon, Mexico
Industry: Supermarkets
Founded: 1905
Revenues: $3.066 billion
Employees: 37,600
www.soriana.com.mx
Founded 1905 as small family business in Torreon, Mexico, now Mexico’s
fourth largest retailer, with more than 100 hypermarkets, mostly in
northern Mexico. CEO Ricardo Martin Bringas, 41, has vastly expanded
chain since taking control from his brother in 1994. Martin family owns
87%; CEO Ricardo Martí;n Bringas and his cousin, vice chairman Alberto
Martin Soberon, run it.
153.Qualcomm
(NR)
Jacobs/San Diego
Industry: Telecommunications
Founded: 1985
Revenues: $3.04 billion
Employees: 8,100
www.qualcomm.com
Company pioneered commercialization of multiple access technology used in
wireless communications equipment, especially cell phones. Licenses
technology and system software to more than 100 equipment and cell phone
makers. Company also sells popular Eudora e-mail software. Founder and
CEO Irwin M. Jacobs, 68, likely to be succeeded by son Paul, 40,
president of Qualcomm’s Internet and wireless group.
154.Stryker
Corp. (151)
Stryker/Kalamazoo, Mich.
Industry: Medical products
Founded: 1964
Revenues: $3.012 billion
Employees: 14,045
www.strykercorp.com
Dr. Homer Stryker, inventor of walking heel and other medical devices,
founded surgical instruments company 1964. Founder’s son and successor
Lee died in plane crash 1976. Since then run by non-family CEO John
Brown, 68, expanded into medical products. Family still owns nearly
one-third; Ronda Stryker, 48, is a director.
155. J.R.
Simplot (137)
Simplot/Boise, Idaho
Industry: Food, agribusiness
Founded: 1943
Revenues: $3 billion
Employees: 13,000
www.simplot.com
Founder Jack Simplot, now 94, ran away from home while in eighth grade,
sorted potatoes, expanded into vegetables, fertilizer, cattle, food
processing. He became a millionaire by 30; supplied dehydrated potatoes
and vegetables to U.S. troops in World War II; pioneered frozen French
fries in the 1950s. Jack now chairman emeritus; son Scott is chairman,
children Gay and Ted also involved. Simplots believed to control all
stock.
156. Wegmans
Food Markets (141)
Wegman/Rochester, N.Y.
Industry: Food markets
Founded: 1916
Revenues: $3 billion
Employees: 30,000
www.wegmans.com
John Wegman opened fruit and vegetable store in Rochester 1916; brother
Walter joined a year later. They opened showplace supermarket with
cafeteria 1930. John’s nephew Robert Wegman joined 1933, still on board
as chairman and CEO. Company now has 60 superstores, also pet foods,
Chase-Pitkin Home & Garden. Robert’s son, Danny, is current president;
his two daughters also work there.
157. Kohler
(145)
Kohler/Kohler, Wis.
Industry: Plumbing products
Founded: 1873
Revenues: $3 billion
Employees: 25,000
www.kohlerco.com
John M. Kohler set up iron foundry; elder son, Walter J. Kohler, built
utopian company town around it; he and son Walter Jr. both became
Wisconsin governors. Walter Sr.’s strong-willed half-brother, Herbert,
CEO 1940-65, fought unions and relatives. Marketing flair of son Herbert
Jr., 64, CEO since 1972, turned prosaic toilets, sinks, tubs into
colorful status symbols; now 44 plants worldwide. He and sister Ruth
Kohler control most of company.
158. Metalúrgica
Gerdau S.A. (139)
Gerdau/Rio Grande do Sul, Brazil
Industry: Steel
Revenues: $2.944 billion
Employees: 12,340
Holding company for Gerdau S.A. and its subsidiaries scattered throughout
North and South America. Metalúrgica Gerdau grew from nail maker into
Brazil’s #1 long-rolled steel producer. Founding Gerdau Johannpeter
family controls Metalúrgica Gerdau.
159. Daily Mail
and General Trust (142)
Harmsworth/London, United Kingdom
Industry: Media
Revenues: $2.891 billion
Employees: 19,452
www.dmgt.co.uk
One of world’s largest media holding companies. Best-known for London
Daily Mail, but many other newspapers, magazines, broadcast
properties. Bought U.S. magazine Institutional Investor 1997.
Third-generation media baron Viscount Rothermere IV, 77, and son and
likely successor Jonathan Harmsworth, 35, own about 60%.
160. Kikkoman
Corp. (NR)
Mogi/Noda, Japan
Industry: Food products
Revenues: $2.858 billion
Employees: 6,456
www.kikkoman.com
After more than 300 years in business, world’s leading supplier of soy
sauce; also many other food products. Still based in village where
founders moved firm to escape a 17th-century war. Descendants of founders
still control and run company after 17 generations.
161. Knight
Ridder (140)
Knight and Ridder /San Jose, Calif.
Industry: Newspapers, media
Founded: 1892
Revenues: $2.842 billion
Employees: 18,000
www.kri.com
Charles L. Knight bought Akron (Ohio) Beacon-Journal 1903,
passed it to sons John and James on his death, 1933. They bought Miami
Herald 1937, built respected chain of two dozen major dailies. Herman
Ridder (d. 1915) bought German-language Staats-Zeitung 1892 and
passed it to three sons, who built chain of 18 small dailies.
Knight-Ridder merger, 1974, left Knights in control of 321 daily and 22
non-daily papers, but CEO today is Herman Ridder’s great-grandson P.
Anthony Ridder, 63.
162. Swatch
Group (NR)
Hayek/Bern, Switzerland
Industry: Watches
Revenues: $2.835 billion
Employees: 20,327
www.swatchgroup.com
World’s biggest watch company (formerly Societe Suisse de
Microelectronique & d’Horlogerie) makes Longines, Blancpain and Omega
brands. Chairman Nicolas Hayek’s family controls about 36%; son Nicolas
Jr. is CEO.
163. Hasbro
(143)
Hassenfeld/Pawtucket, R.I.
Industry: Toys, home entertainment
Founded: 1923
Revenues: $2.816 billion
Employees: 7,200
www.hasbro.com
America’s #2 toy maker (behind Mattel), run successively by three sets of
brothers. Founders Henry and Hillel Hassenfeld were Polish immigrants who
evolved from rags into pencil boxes. Second generation: Harold Hassenfeld
ran pencil plant, brother Merrill took company into toys during World War
II. Merrill’s son and successor Stephen built company into #1 toy maker,
died 1989; his brother Alan, 54, succeeded him as CEO, still chairman but
turned CEO post over this year to longtime aide Alfred J. Verrecchia,
company’s first non-family chief.
164. Globo Group
(146)
Marinho/São Paulo, Brazil
Industry: Media
Founded: 1925
Revenues: $2.8 billion
Employees: 24,000
www.globocabo.com
Roberto Inrineu Marinho founded O Globo newspaper 1925, died a
month later, succeeded by son Roberto. His sons Roberto, João and José
now run Latin America’s largest media group. The group owns 51.5% of
publicly traded Net Servicos de Comunicação, Brazil’s largest cable TV
operator.
165. Gilbane
(153)
Gilbane/Providence, R.I.
Industry: Construction
Founded: 1873
Revenues: $2.771 billion
Employees: 1,700
www.gilbaneco.com
Founded by brothers William and Thomas Gilbane as carpentry and general
contracting shop in Providence; now giant real estate developer and
contractor (National Air and Space Museum, Terminal V at Chicago’s O’Hare
Airport). Still wholly owned by Gilbane family; CEO Paul Choquette, 64,
is fourth-generation descendant of founding brothers.
166. Gordon Food
Service (154)
Gordon/Grand Rapids, Mich.
Industry: Food distributor
Founded: 1897
Revenues: $2.75 billion
Employees: 5,000
www.gfs.com
Dutch immigrant Isaac VanWestenbrugge founded butter-and-egg distributor.
High school senior Ben Gordon joined 1916, married Isaac’s daughter Ruth
1921, later brought in brother Frank; company renamed for them 1942. Now
distributes more than 12,000 items to sanitation systems, restaurants,
hospitals, schools, etc. Still owned by founder’s descendants. Three
Gordons in top management. President Dan is founder’s great-grandson.
167.
Alberto-Culver (158)
Lavin, Bernick/Melrose Park, Ill.
Industry: Personal care products, food
Founded: 1955
Revenues: $2.75 billion
Employees: 5,000
www.alberto.com
Company makes products for hair care (Alberto VO5, TRESemme), skin care
(St. Ives Swiss Formula), and personal care (FDS deodorant); sweeteners
and seasonings (Molly McButter, Mrs. Dash, SugarTwin); and household
items. Lavin and Bernick families control about 40%; Leonard Lavin, 83,
and wife Bernice, 77, are chairman and vice chairman; Howard Bernick, 50,
is president and CEO; wife Carol, 50, is vice chairman.
168. Wm. Wrigley
Jr. Co. (160)
Wrigley, Offield/Chicago
Industry: Food, gum
Founded: 1892
Revenues: $2.746 billion
Employees: 11,250
www.wrigley.com
Philadelphian William Wrigley Jr. (1862-1933) arrived in Chicago 1891 to
run branch of father’s soap business; chewing gum given away to attract
customers proved more popular than soap, so he switched products. Company
vastly expanded under shy son Philip (1894-1977) and equally shy grandson
William (1933-1999); today, it’s world’s largest chewing gum producer
(Spearmint, Juicy Fruit, Doublemint). Fourth-generation William Jr., 40,
now CEO. Wrigleys and their Offield cousins own 35% of stock, control 60%
of voting shares.
169. Perdue
Farms (149)
Perdue/Salisbury, Md.
Industry: Poultry
Founded: 1920
Revenues: $2.7 billion
Employees: 20,000
www.perdue.com
Arthur Perdue started table-egg poultry farm; son Frank joined 1939 as
third full-time employee, built into nation’s fourth-largest poultry
producer by high-visibility role as spokesman in TV, radio ads. Frank’s
son Jim succeeded him as CEO and spokesperson, 1991.
170. Burlington
Coat Factory Warehouse (155)
Milstein/Burlington, N.J.
Industry: Outerwear
Founded: 1924
Revenues: $2.697 billion
Employees: 23,000
www.coat.com
Founder Abe Milstein launched wholesale outerwear business 1924; son
Monroe expanded into retailing 1950s. Now chain of some 330 off-price,
no-frills retail stores offering current brand names at discount prices.
Nation’s largest coat seller; also sells shoes, jewelry, linens, bath
items, gifts and children’s apparel and furniture. Milstein family owns
about 60% of company. Monroe Milstein, 75, is current CEO; third
generation also active.
171. *Cintas
(169)
Farmer/Cincinnati
Industry: Industrial services
Founded: 1929
Revenues: $2.687 billion
Employees: 27,000
www.cintas-corp.com
Founder Richard “Doc” Farmer started industrial laundry after being laid
off as circus performer; joined by son Hershell. His kids Dick and Joan
sometimes slept overnight at plant in crates of warm towels. Company now
is nation’s largest supplier of uniforms. (About 5 million workers wear
them.) Also makes floor mats, janitorial supplies, etc. Founder’s
grandson Richard Farmer, 68, joined 1957, became CEO 1968, stepped down
1995 but still chairman. Son Scott now president and COO. Dick’s
brother-in-law and boyhood chum Jim Gardner joined 1956, has been on
board since 1969. Family owns about 21% of stock.
172. Schneider
National (133)
Schneider/Green Bay, Wis.
Industry: Trucking
Founded: 1938
Revenues: $2.627 billion
Employees: 20,756
www.schneider.com
Nation’s largest truckload carrier (14,000 tractors, 40,000 trailers)
started as one-truck business by Al Schneider. Son Donald joined after
graduating from University of Pennsylvania’s Wharton School, introduced
technology to trucking (first to install satellite-based communications
tracking system to find lost trailers). Donald, 68, is current CEO.
173. Mohammad
Abdul-Mohsin Al-Kharafi & Sons (152)
Al-Kharafi/Kuwait City, Kuwait
Industry: Trading, contracting
Revenues: $2.6 billion
www.kharafisteel.com
Nasser Al-Kharafi, 60, and brother Fawzi run this general trading and
contracting group founded by their father. Wholly owned family company
builds hotels, restaurants and tourist villages in Egypt, Albania and
South Africa; also fast-food outlets in U.S. Another brother, Jassim,
recently elected speaker of Kuwait parliament.
174. Merloni
Elettrodomestici (200)
Merloni/Fabriano, Italy
Industry: Appliance components
Revenues: $2.6 billion
Employees: 13,023
www.merloni.it
Company makes refrigerators, washing machines, dishwashers, ovens, at 11
plants in France, Italy, Poland, Portugal and Turkey; also makes
components. Merloni controls 25% of Italy’s appliance market and 10% of
Europe’s market. Merloni family, headed by chairman Vittorio Merloni,
owns controlling interest.
175.Washington
Post (162)
Graham/Washington, D.C.
Industry: Newspapers
Founded: 1877
Revenues: $2.584 billion
Employees: 11,600
www.washpostco.com
Financier Eugene Meyer bought failing Washington Post in
bankruptcy auction 1933, turned over to son-in-law Phil Graham (1947),
who made it profitable, added TV stations, Newsweek. After his suicide
(1963), shy widow Katharine took over, blossomed, pushed company to new
heights, won Pulitzers for Watergate exposé and her autobiography; died
2001. Son Donald, 58, is CEO and chairman. Family owns about 37%, votes
two-thirds of board.
176.Hovnanian
Enterprises (NR)
Hovnanian/Red Bank, N.J.
Industry: Home builders
Founded: 1959
Revenues: $2.551 billion
Employees: 2,370
www.khov.com
Company builds 9,500 homes, condos, townhouses a year, mostly in
Northeastern U.S. Hovnanian family members control more than 90% of
company. Kevork Hovnanian, 79, is chairman; Ara Hovnanian, 45, president
and CEO.
177. *Timken Co.
(159)
Timken/Canton, Ohio
Industry: Ball bearings
Founded: 1899
Revenues: $2.55 billion
Employees: 18,000
www.timken.com
Produces wide range of ball bearings for aerospace, automotive railroad
and other industries. Founded 1899 by retired carriage maker Henry Timken
and still controlled and run by his heirs. Chairman William R. Timken
Jr., 64, represents fifth generation.
178. Connell
(157)
Connell/Berkeley Heights, N.J.
Industry: Rice, sugar, heavy equipment
Founded: 1926
Revenues: $2.525 billion
Employees: 245
www.connellco.com
Grover Connell started as rice and sugar trader; son Grover took over
1950, built firm into country’s largest broker/trader in rice, sugar.
Diversified into finance, real estate, heavy equipment leasing. Three
generations currently active; Grover, now 85, still at helm; son Terry is
CFO.
179. Franklin
Resources (166)
Johnson/San Mateo, Calif.
Industry: Mutual funds
Founded: 1947
Revenues: $2.519 billion
Employees: 6,700
www.franklintempleton.com
Nation’s fifth-largest mutual fund company: 250 funds. Charles B. Johnson
joined as CEO 1957 at age 23, still in charge today at age 70. He and
half-brother Rupert, executive VP, own more than one-third of company.
Charles’ son William also active.
180. Simon
Property Group (178)
Simon/Indianapolis
Industry: Real estate development
Founded: 1960
Revenues: $2.441 billion
Employees: 4,020
www.shopsimon.com
New York tailor’s son Melvin Simon moved to Indianapolis from New York,
became leasing agent 1957. With brothers Herb and Fred, blanketed Midwest
with shopping centers, merged with rival DeBartolo in 1996 to create
nation’s largest shopping center real estate investment trust. Company
currently owns or runs 250 shopping centers, including Minnesota’s giant
Mall of America, Washington’s Pentagon City. Melvin and Herb, 76 and 68,
are co-chairmen; Melvin’s son David, 41, is current CEO. Fred is no
longer involved.
181. *Banco
Popular Español (163)
Valls Taberner/Spain
Industry: Banking
Revenues: $2.402 billion
Employees: 11,943
www.bancopopular.es
One of Spain’s top banks (after giants Santander Central Hispano and
Banco Bilbao Vizcaya Argentaria), with more than 2,000 branches. Also
manages mutual funds and offers asset management, life insurance, online
banking and securities trading.
182.
*Brown-Forman (173)
Brown/Louisville, Ky.
Industry: Beverages
Founded: 1870
Revenues: $2.378 billion
Employees: 7,000
www.brown-forman.com
Pharmaceutical salesman George Garvin Brown and half-brother started with
$5,500, created first sealed bottles for whiskey. Brands now include Jack
Daniels, Southern Comfort, Korbel champagne; also Lenox china, Hartmann
luggage. Brown family still controls company. Fourth-generation Owsley
Brown II, 60, current CEO. Five other Brown members still active.
183.
Verlagsgruppe Georg von Holtzbrinck (172)
Holtzbrinck/ Stuttgart, Germany
Industry: Publishing
Revenues: $2.365 billion
Employees: 12,600
www.holtzbrinck.com/eng
One of Germany’s top book, newspaper and magazine publishers. Also owns
publishers Farrar, Straus & Giroux, Henry Holt and Macmillan, 49% of
Wall Street Journal Europe. Late founder Georg von Holtzbrinck’s
family owns the company.
184. Toll
Brothers (174)
Toll/Huntingdon Valley, Pa.
Industry: Luxury home builder
Founded: 1967
Revenues: $2.315 billion
Employees: 2,960
www.tollbrothers.com
Nation’s leading builder of luxury homes founded 1967 by brothers Robert
and Bruce Toll, who still own about 34% of stock. Robert, 62, has been
CEO since company’s inception. Bruce, 60, president and COO until 1998,
now less active as vice chairman.
185. Belk
(171)
Belk/Charlotte, N.C.
Industry: Department stores
Founded: 1888
Revenues: $2.242 billion
Employees: 17,800
www.belk.com
William H. Belk (1862-1952) opened small bargain store in Monroe, N.C.,
with $750 savings, $500 loan, promoted as “Cheapest Store on Earth.”
Physician brother John Belk (d. 1928) joined 1891. Their innovations
(large volume, low mark-up, no haggling, all returns accepted) fueled
growth. Today company owns 210 fashion stores in 13 Southern states.
Founder ran company until his death at age 89. Founding brothers’
descendants hold majority of stock, managers the rest. Chairman/CEO John
M. Belk, 83, oversees two Belks designated “president”: John R. Belk,
(finance, systems and operations) and Mary Belk (merchandising).
186. A.G.
Edwards (164)
Edwards/St. Louis
Industry: Stock brokerage
Founded: 1887
Revenues: $2.199 billion
Employees: 16,181
www.agedwards.com
One of oldest and largest U.S. retail brokerages. Founding Edwards family
still active; vice chairman Benjamin F. (Tad) Edwards IV, 47, manages a
branch.
187. Johnson
Diversey (NR)
Johnson/Sturtevant, Wis.
Industry: Floor care, hygiene, etc.
Founded: 1886 (spun off 1999)
Revenues: $2.196 billion
Employees: 13,530
www.johnsondiversey.com
Formerly S.C. Johnson Commercial Markets, split off 1999 from S.C.
Johnson & Son (see #100 above). Johnson family controls two-thirds,
Unilever the rest. Consists of two main divisions: Johnson Wax
Professional and Johnson Polymer. Company operates in more than 50
countries. Samuel C. (Curt) Johnson III, 47, is chairman.
188. 84 Lumber
(193)
Hardy/Eighty Four, Pa.
Industry: Building materials
Founded: 1956
Revenues: $2.177 billion
Employees: 5,800
www.84lumber.com
Joseph Hardy founded lumber retailer 84 Lumber, built it into nation’s
largest privately held lumber yard chain (430 stores in 35 states). Known
for penny-pinching (no air conditioning or heating in stores), blunt
management style (fired multiple-sclerosis-stricken son in 1988). Tomboy
daughter Margaret Hardy-Magerko, now 37, a college dropout, learned
business from her father, took over 1993, installed air conditioning and
heat in some stores. She owns about 80% of company.
189. AMERCO
(182)
Shoen/Reno, Nev.
Industry: U-Haul rentals
Founded: 1945
Revenues: $2.132 billion
Employees: 16,636
www.uhaul.com
Parent of U-Haul International rents 205,000 trucks, trailers and tow
dollies to do-it-yourself movers through some 1,350 company-owned centers
and 15,000 independent dealers in U.S. and Canada. Founder L.S. Schoen
had 12 children by three wives, was ousted 1986 by sons Joe and Mark.
Family members still control stock; Joe is chairman. Filed for Chapter 11
bankruptcy protection June 2003.
190. *COFIDE
(177)
De Benedetti/Turin, Italy
Industry: Holding company
Revenues: $2.13 billion
Employees: 10,411
None
Diverse operations include publishing (Espresso group); manufacturing
food machinery (Sasib Food & Beverage Machinery group), automotive
components (Sogefi group), tobacco machinery (Sasib Tobacco group);
specialty foods (Socalbe and Novartis Nutrition); and real estate and
finance services. Family of Carlo de Benedetti owns more than 40%; family
members hold three key spots.
191.J.B. Hunt
Transport Services (180)
Hunt/Lowell, Ariz.
Industry: Trucking
Founded: 1969
Revenues: $2.1248 billion
Employees: 16,265
www.jbhunt.com
Arkansas sharecropper’s son Johnnie B. Hunt started as truck driver
hauling rice and poultry, started his own trucking company 1969 with five
trucks and seven refrigerated trailers. Now #2 truckload carrier in U.S.
(behind Schneider National), with more than 10,700 tractors and some
46,000 trailers and containers operating in 48 contiguous U.S. states,
Canada and Mexico. Founder and family own 33% of company.
192. Schnuck
Markets (183)
Schnuck/St. Louis
Industry: Supermarkets
Founded: 1939
Revenues: $2.107 billion
Employees: 18,000
www.schnucks.com
Founded as small St. Louis grocery store, now operates 100 hypermarkets
(drugs, florist, salad bars, videos, etc.) in Missouri, Illinois,
Indiana. Chain stresses friendliness; still family-owned and -run. Craig
Schnuck, 54, is CEO, Scott Schnuck COO, Todd Schnuck CFO.
193. Springs
Industries (168)
Close/Fort Mill, S.C.
Industry: Sheets, curtains, etc.
Founded: 1888
Revenues: $2.1 billion
Employees: 17,000
www.springs.com
Company makes Springmaid and Wamsutta sheets, pillows, shower curtains,
bedspreads, towels and bath rugs; also infant apparel, fabrics, window
blinds and hardware for Wal-Mart, Target, etc. The Close family,
descendants of co-founder Leroy Springs, own about 55%. Founder’s
great-great-granddaughter Crandall Close Bowles, 53, is CEO.
194. Golub Corp.
(185)
Golub/Schenectady, N.Y.
Industry: Price Chopper supermarkets
Founded: 1932
Revenues: $2.1 billion
Employees: 19,700
www.pricechopper.com
Brothers Ben and Bill Golub opened grocery warehouse in Schenectady,
expanded to retailing. Company now runs 100-plus low-cost Price Chopper
supermarkets in Northeast U.S. Golub family owns about 56%, employees the
rest. Two Golubs (CEO Lewis, president Neil) at helm.
195. Benetton
Group (196)
Benetton/Milan, Italy
Industry: Fashion
Revenues: $2.092 billion
Employees: 7,162
www.benetton.com
Luciano Benetton, 68, built sweater shop into global purveyor of trendy
clothing: 5,000 franchised stores in 120 countries. Benetton Group also
owns Rollerblade, Nordica, Prince products. Benetton family owns 70%
through its Edizione Holding group. Luciano’s son Allesandro heads
family’s venture capital operations; Carlo is deputy chairman; Gilberto
Benetton is a managing director.
196. Grupo
Televisa (176)
Azcarraga/Mexico City, Mexico
Industry: Media
Revenues: $2.075 billion
Employees: 12,600
www.televisa.com
Mexico’s #1 TV broadcaster: more than 230 stations and four networks in
Mexico, Spain, other Latin lands. Also cable TV, radio and publishing.
CEO Emilio Azcarraga Jean, 35, succeeded upon father’s death, 1997.
Family owns 51%.
197. Wawa
(187)
Wood/Wawa, Pa.
Industry: Convenience stores
Founded: 1865
Revenues: $2.01 billion
Employees: 13,000
www.wawa.com
George Wood (d. 1926) launched textile maker Millville Manufacturing Co.,
later added small dairy in town of Wawa, 1902. Grandson Grahame Wood
closed mill 1960s, opened first convenience store 1964. Under current
CEO, founder’s great-grandson Richard Wood, 65, company now has more than
550 stores in five states. Wood family owns 52%.
198. H Group
Holding (167)
Pritzker/Chicago
Industry: Hyatt Hotels, resorts
Founded: 1957
Revenues: $2 billion
Employees: 41,000
www.hyatt.com
Umbrella group for Hyatt Hotels and Hyatt International; one of two major
companies run by Chicago’s Pritzker family (see also Marmon Group, #91
above). Dealmaker A.N. Pritzker (1896-1986) took over Atlanta’s Hyatt
Regency before it opened (1967) when its financing fell through; sons
Donald, Jay and Robert later gained control of others. Donald ran Hyatt
Hotels until his early death 1972 at age 39; Jay until his death 1999 at
age 74. Donald’s son Tom now in charge of chain with 58 hotels, 22
resorts in 37 countries. Other cousins are involved too but may break up
soon amid family squabbles.
199. Jumbo Group
(NR)
Chhabria/Dubai, United Arab Emirates
Industry: Conglomerate
Revenues: $2 billion
www.jumbocorp.com
Conglomerate’s 28 businesses, operating in 50 countries, include Jumbo
Electronics, Shaw Wallace & Company, Maharashtra Distilleries, SKOL
Breweries, Shaw Wallace Distilleries, Shaw Wallace Breweries, Hindustan
Dorr-Oliver, Mather & Platt, Falcon Tyres, Gordon Woodroffe and Shaw
Wallace Hedges. Chairperson Vidya Chhabria took over 2002 on death of
founder/husband, now runs company from Mumbai, India, with her two
daughters.
200. Bonnier
Group (NR)
Bonnier/Stockholm, Sweden
Industry: Media
Revenues: $2 billion
Employees: 9,114
www.bonnier.se
Largest publishing and media concern in Scandinavia and one of largest in
Europe, with operations in 20 countries. After nearly 200 years, founding
Bonnier family still in charge. Carl-Johann Bonnier is current chairman.